Regal Entertainment Group Reaches New 12-Month High at $19.65 (RGC)
Regal Entertainment Group (NYSE:RGC)’s share price reached a new 52-week high during mid-day trading on Tuesday, StockRatingsNetwork reports. The stock traded as high as $19.65 and last traded at $19.53, with a volume of 2,120,476 shares traded. The stock had previously closed at $19.05.
RGC has been the subject of a number of recent research reports. Analysts at Hanson initiated coverage on shares of Regal Entertainment Group in a research note to investors on Monday, October 14th. They set a “neutral” rating on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of Regal Entertainment Group from $20.50 to $21.00 in a research note to investors on Monday, October 7th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks upgraded shares of Regal Entertainment Group from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 2nd. They now have a $20.70 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $21.19.
Regal Entertainment Group has a one year low of $13.27 and a one year high of $19.53. The stock has a 50-day moving average of $18.58 and a 200-day moving average of $17.83. The company has a market cap of $3.020 billion and a P/E ratio of 24.64.
Regal Entertainment Group (NYSE:RGC) last released its earnings data on Thursday, July 25th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.05. The company had revenue of $842.00 million for the quarter, compared to the consensus estimate of $842.56 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. On average, analysts predict that Regal Entertainment Group will post $0.97 earnings per share for the current fiscal year.
Regal Entertainment Group (NYSE:RGC) is the parent company of Regal Entertainment Holdings, Inc (REH).
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